Aspire Growth Partners LLC Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Aspire Growth Partners LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,198 shares of the apparel and home fashions retailer's stock, valued at approximately $386,000.

Several other institutional investors also recently modified their holdings of the business. Bogart Wealth LLC bought a new position in TJX Companies during the fourth quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the 4th quarter worth $26,000. SOA Wealth Advisors LLC. purchased a new stake in TJX Companies in the 4th quarter worth about $30,000. Millstone Evans Group LLC bought a new stake in TJX Companies in the 4th quarter valued at about $30,000. Finally, Promus Capital LLC purchased a new stake in TJX Companies during the fourth quarter valued at about $32,000. 91.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TJX shares. StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. BMO Capital Markets increased their target price on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Robert W. Baird lifted their price target on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $128.00 to $140.00 in a report on Thursday, April 3rd. Finally, Wells Fargo & Company decreased their price target on TJX Companies from $125.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, TJX Companies presently has an average rating of "Moderate Buy" and an average target price of $136.94.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

TJX Companies Trading Up 0.2 %

NYSE TJX traded up $0.22 on Wednesday, hitting $128.68. The company's stock had a trading volume of 5,625,949 shares, compared to its average volume of 5,341,842. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52-week low of $97.47 and a 52-week high of $131.30. The firm has a market cap of $143.75 billion, a P/E ratio of 30.28, a PEG ratio of 2.75 and a beta of 0.94. The company's 50-day simple moving average is $122.72 and its 200 day simple moving average is $122.06.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This is a boost from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.32%. TJX Companies's dividend payout ratio is presently 39.91%.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.